ONE.IO IP LIMITED

Executive Summary

ONE.IO IP LIMITED is currently loss-making with negative net assets and no turnover, reflecting poor financial health and high liquidity risk. The company lacks sufficient equity and working capital to meet obligations, making new credit facilities unsuitable at this stage. Close monitoring of revenue, capital support, and management actions is essential to reassess creditworthiness in the future.

ONE.IO IP LIMITED - Analysis Report

Company Number: 14184954

Analysis Date: 2025-07-29 12:33 UTC

1. Credit Opinion: DECLINE
   ONE.IO IP LIMITED shows no turnover and negative net assets for the last two financial years, with an ongoing deficit reflected in accumulated losses. The company’s inability to generate revenue and persistent working capital deficits raise serious concerns about its capacity to service any debt or meet commercial obligations. The limited equity base (shareholders’ funds at £1 for 2024) indicates minimal financial buffer. Without evidence of a clear turnaround plan or new capital injection, granting credit facilities is not advisable.

2. Financial Strength:
   The balance sheet is weak. Total net assets stood at -£5,069 in 2023 and remain negative for 2024. The company has no fixed assets and relies on debtors, which in 2024 were cleared, but previously included £4,491 owed by group undertakings. Current liabilities exceeded current assets significantly in prior years, though the latest accounts show no liabilities or assets, suggesting possible write-offs or restructuring. The company is a micro entity with minimal equity and no profit reserves, reflecting poor financial health.

3. Cash Flow Assessment:
   Cash flow is inadequate and cannot be reliably assessed from available data due to lack of turnover and negative working capital. The company’s current liabilities in 2023 (£9,560) were not covered by current assets, with net current liabilities of -£5,069. The absence of debtors and creditors in 2024 might indicate cessation of trading activity or internal restructuring, but also means no current inflows are evident. Liquidity risk is high, and the business depends on external funding or parent company support.

4. Monitoring Points:

• Future revenue generation and turnover development.
• Changes in working capital, especially current assets versus liabilities.
• Any capital injections or financial support from the parent group (One.Io Group Limited).
• Director and management stability given recent appointments and resignations.
• Timely filing of accounts and confirmation statements to track compliance and financial updates.